Guideline Value

Corporate

Guideline Value for Sakthi Nagar 7th st

₹2200/sq.ft.

The guideline value for Sakthi Nagar 7th St in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sakthi Nagar 7th St

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Sakthi Nagar 7th st guideline value

The current guideline value of Sakthi Nagar 7th st is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Sakthi Nagar 7th st has changed

The guideline value for Sakthi Nagar 7th st has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 2,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of changes between revisions, the guideline value increased by 49% from 2017 to 2023. There was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Sakthi Nagar 7th st above this median.

Stamp duty and registration fee for property in Sakthi Nagar 7th st

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar 7th st?

The Sub Registrar Office that covers Sakthi Nagar 7th st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Peerklankaranai

The guideline value plays a crucial role during the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark to determine the stamp duty and registration fees applicable on the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sakthi Nagar 7th st?

The current guideline value of Sakthi Nagar 7th st is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Sakthi Nagar 7th st?

Sakthi Nagar 7th st is classified as Residential Special Type - I.

What are the other streets in Peerklankaranai with the same guideline value?

Other streets in Peerklankaranai that share the same guideline value of Rs 2,200 per sq.ft include Sakthi Nagar 6th st, Sakthi Nagar 8th st, Sakthi Nagar 5th st, Sakthi Nagar 4th st (TNSCP), Sakthi Nagar 4th st, and Sakthi Nagar 3rd st.

Where can I find the Sub Registrar Office for Sakthi Nagar 7th st?

The Sub Registrar Office for Sakthi Nagar 7th st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.